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VCI Global buys $100M in OOB tokens, becomes Treasury Manager for Singapore’s OOBIT, backed by Tether.
VCI Global, a Nasdaq-listed Malaysian tech holding company, has acquired $100 million in OOB tokens and been named Treasury Manager for OOBIT, a Singapore-based crypto payments platform.
The deal includes $50 million in tokens issued at a $200 million market cap and $50 million to be bought on the secondary market post-launch.
Tether, the issuer of USDT, will become VCI Global’s largest shareholder.
The OOB token will power payments, rewards, and cross-border transactions within the OOBIT ecosystem, integrating with blockchain networks and supporting tap-to-pay functionality.
VCI Global plans to use the tokens in its AI, fintech, and sovereign data platforms through a new Digital Treasury Division.
The announcement follows a 20% drop in VCI Global’s stock price.
VCI Global compra $ 100M en tokens OOB, se convierte en el gerente de tesorería para OOBIT de Singapur, respaldado por Tether.